Meliuz Sa · BMFBOVESPA:CASH3
Meliuz Sa — Q4 2023 Earnings Presentation
13 slides from Meliuz Sa's earnings presentation, Mar 14, 2024
Slide 1: 4Q23 Earnings Presentation
4Q23 Earnings Presentation March 14, 2024
Slide 2: Excellent operational result in 4Q23 and operational break-even of the parent company
We achieved an excellent operational result in 4Q23 and accomplished our main goal for 2023: the operational break-even of the parent company¹ Adjusted EBITDA of the Parent Company Adjusted net result of the Parent Company (Excluding Bankly and extraordinary items) (Excluding Bankly and extraordinar
Slide 3: Main drivers of break-even: core business margin growth and cost reduction
Our main drivers in achieving break-even were the growth in the core business margin and the significant reduction in costs and expenses Brazil shopping margin¹ Consolidated operating expenses (R$ million) (Excluding Bankly and extraordinary items) (R$ million) Méliuz | 4Q23 Earnings Presentation 3 ¹
Slide 4: Promobit and Melhor Plano achieved the best results in their history
We also focused on the operation and results of Promobit and Melhor Plano, which achieved the best results in their history Promobit and Melhor Plano net revenue Promobit and Melhor Plano EBITDA (R$ million) (R$ million) Méliuz | 4Q23 Earnings Presentation 4
Slide 5: Best moment in partnership with banco BV
And we're at the best moment in our partnership with banco BV, accelerating the account and card operation, but with the feeling that it’s just the beginning Opened digital accounts¹ Credit cards issued (Accumulated - # thousand) (Accumulated - # thousand) Méliuz | 4Q23 Earnings Presentation 5 ¹ Par
Slide 6: Asset-light structure and a new cycle of growth: pillars for 2024
With a asset-light structure and cash generation, a new cycle of growth begins with a mindset of efficiency and discipline in the allocation of capital Pillars for 2024 Growth of Innovation in Ramp-up of Operational Shopping Brasil Core Business Financial Services Efficiency Méliuz | 4Q23 Earnings Pre
Slide 7: Scaling Méliuz Ads and Méliuz Prime in Brazil shopping
In Brazil shopping, we will continue to scale products such as Méliuz Ads and Méliuz Prime, as well as looking for new growth verticals Méliuz Ads Méliuz Prime +35% yoy revenue Subscription with the aim of We have created new increasing user retention and opportunities to increase engagement, as wel
Slide 8: Scaling account and card services in Financial Services
In Financial Services, we will continue to scale account and card services, as well as launch new products and services for our users Financial services ecosystem BV Partnership In approximately 6 months, we had already completed the New credit Credit integration with BV, allowing us to start openin
Slide 9: Shopping Internacional net revenue and cashback operation
Net revenue Cashback operation (PLN million) At Shopping Internacional, despite the increase in the representation of the cashback operation, we have significant challenges to recover organic Méliuz | 4Q23 Earnings Presentation traffic and user growth 9
Slide 10: Commitment to shareholders and focus on capital allocation
We reinforce our commitment to our shareholders and maintain our focus on capital allocation Consolidated cash, cash equivalents and securities (Excluding Bankly) (R$ million) Payment schedule for the capital reduction Méliuz | 4Q23 Earnings Presentation April 1st: Capital reduction cut-off Date Apr
Slide 11: ri.meliuz.com.br | ri@meliuz.com.br
ri.meliuz.com.br ri@meliuz.com.br
Slide 12: Appendix I - Reconciliation between EBITDA and Adjusted EBITDA
Appendix I - Reconciliation between EBITDA and Adjusted EBITDA Reconciliation of 4Q23 adjusted EBITDA (R$ million) Méliuz | Apresentação de Resultados 4T23 12
Slide 13: Appendix II - Reconciliation between EBITDA and Adjusted EBITDA
Appendix II - Reconciliation between EBITDA and Adjusted EBITDA Reconciliation of 2023 adjusted EBITDA (R$ million) Méliuz | Apresentação de Resultados 4T23 ¹ 13 Provision/reversal of Americanas loss and 123 Miles and other extraordinary items.